S

Santander Bank Polska SA
WSE:SPL

Watchlist Manager
Santander Bank Polska SA
WSE:SPL
Watchlist
Price: 565.2 PLN -0.88% Market Closed
Market Cap: zł57.8B
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Cash Flow Statement

Operating Cash Flow
+
3Y
+3%
5Y
-24%
10Y
-
Investing Cash Flow
+
3Y
-
5Y
+59%
10Y
-593%
Financing Cash Flow
+
3Y
-26 458%
5Y
-39%
10Y
-1 895%

Cash Flow Statement
Santander Bank Polska SA

Rotate your device to view
Cash Flow Statement
Currency: PLN
Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Operating Cash Flow
Net Income
273
249
239
205
129
206
266
325
438
432
472
508
689
809
979
1 103
1 065
1 192
1 273
1 360
1 391
1 374
1 400
1 399
1 211
1 024
902
900
1 162
1 349
1 365
1 333
1 357
1 361
1 497
1 629
1 542
1 600
1 609
1 600
1 837
1 902
1 945
2 199
2 515
2 610
2 723
2 771
2 640
3 423
3 539
3 476
3 178
2 593
2 848
2 815
3 122
3 093
3 022
3 206
3 335
3 310
3 269
3 257
3 424
3 313
3 320
3 495
3 245
3 026
2 631
2 376
1 881
1 858
1 783
1 872
2 058
3 122
3 739
3 452
4 353
4 583
5 092
6 686
6 850
7 291
6 844
7 305
7 266
7 501
8 180
7 914
Depreciation & Amortization
142
164
193
214
248
53
103
153
199
194
190
186
186
184
178
169
159
147
141
141
135
125
118
109
107
113
116
120
123
125
127
127
129
133
137
139
216
217
214
214
138
158
182
202
219
233
246
275
308
304
296
274
257
255
262
270
277
286
295
308
319
328
329
329
333
403
481
556
628
627
617
606
594
590
587
585
579
564
551
537
524
525
536
550
569
588
598
608
614
623
599
595
Change in Deffered Taxes
0
0
0
0
0
(12)
(61)
(95)
(12)
(80)
12
90
(17)
62
16
(45)
(9)
(6)
(4)
12
2
1
1
5
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Stock-Based Compensation
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10
0
0
0
2
0
0
0
2
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Other Non-Cash Items
(6)
214
(3)
235
(19)
(60)
(241)
(903)
(975)
(1 489)
(2 097)
(1 096)
(715)
478
923
1 496
1 244
354
1 615
741
(66)
(86)
(703)
(831)
19
104
(4)
(10)
(28)
(94)
(14)
(57)
(164)
(225)
(143)
(94)
39
152
108
128
269
172
118
36
153
191
104
218
285
328
298
519
(122)
(209)
(138)
(358)
(129)
(51)
(121)
(118)
(126)
(128)
(150)
(153)
(568)
(572)
(554)
(555)
(131)
(124)
(37)
(51)
(60)
(64)
(283)
(254)
(233)
(239)
(111)
(133)
(161)
(168)
(180)
(180)
(179)
(176)
(213)
(207)
(207)
(213)
(2 633)
(2 560)
Cash Taxes Paid
0
0
0
0
0
0
0
0
0
0
0
0
96
144
195
281
205
201
213
162
275
327
357
359
334
312
285
318
381
325
307
305
225
340
368
375
381
280
291
301
289
342
457
432
402
499
411
495
567
1 094
1 099
1 074
1 049
720
767
905
1 016
834
832
740
693
726
860
906
947
942
994
953
899
876
1 075
1 126
1 181
1 182
918
928
925
811
823
821
818
926
796
710
665
722
1 902
2 028
2 136
2 904
1 851
2 113
Cash Interest Paid
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
32
494
0
625
1 241
1 056
1 049
617
625
531
697
653
660
632
608
1 896
2 280
1 954
3 159
2 226
2 128
2 715
1 639
1 378
1 144
954
873
948
1 227
2 024
3 196
4 497
5 839
6 784
7 537
7 454
7 021
6 831
6 487
6 849
10 268
12 055
14 449
Change in Working Capital
(292)
(892)
(320)
(331)
(765)
(776)
(2 566)
(1 237)
(687)
1 020
3 048
3 154
751
(828)
(1 816)
(2 850)
(480)
(115)
(1 476)
(358)
1 272
2 273
2 662
975
1 522
1 598
337
2 860
(1 047)
777
(910)
34
65
(2 190)
1 787
42
(92)
(1 905)
(2 733)
(4 177)
(3 847)
(2 514)
(6 081)
(478)
(747)
1 596
(649)
1 422
2 454
(5 230)
862
(6 701)
(6 084)
(7 069)
(6 759)
(6 644)
(1 449)
(1 288)
(3 175)
(1 175)
(8 395)
(982)
2 866
1 271
9 203
3 563
1 915
550
(158)
2 779
14 436
17 163
18 458
26 035
8 003
8 291
7 586
(168)
(1 158)
10 942
4 010
(289)
8 736
4 656
2 010
4 544
90
(15 425)
(4 468)
3 041
4 170
9 269
Cash from Operating Activities
116
N/A
(266)
N/A
108
N/A
321
+197%
(407)
N/A
(398)
+2%
(2 365)
-494%
(1 673)
+29%
(1 037)
+38%
78
N/A
1 626
+1 985%
2 841
+75%
894
-69%
705
-21%
280
-60%
(126)
N/A
1 979
N/A
1 572
-21%
1 548
-2%
1 895
+22%
2 734
+44%
3 687
+35%
3 478
-6%
1 657
-52%
2 859
+73%
2 838
-1%
1 351
-52%
3 866
+186%
211
-95%
2 158
+923%
569
-74%
1 439
+153%
1 387
-4%
(921)
N/A
3 279
N/A
1 717
-48%
1 705
-1%
64
-96%
(803)
N/A
(2 236)
-178%
(1 604)
+28%
(283)
+82%
(3 836)
-1 255%
1 958
N/A
2 140
+9%
4 629
+116%
2 424
-48%
4 685
+93%
5 687
+21%
(1 175)
N/A
4 993
N/A
(2 431)
N/A
(2 771)
-14%
(4 428)
-60%
(3 786)
+14%
(3 917)
-3%
1 821
N/A
2 039
+12%
21
-99%
2 222
+10 481%
(4 867)
N/A
2 528
N/A
6 315
+150%
4 704
-26%
12 392
+163%
6 707
-46%
5 160
-23%
4 046
-22%
3 584
-11%
6 308
+76%
17 647
+180%
20 093
+14%
20 873
+4%
28 419
+36%
10 091
-64%
10 494
+4%
9 989
-5%
3 278
-67%
3 019
-8%
14 797
+390%
8 726
-41%
4 651
-47%
14 184
+205%
11 711
-17%
9 250
-21%
12 246
+32%
7 319
-40%
(7 719)
N/A
3 204
N/A
10 952
+242%
10 315
-6%
15 217
+48%
Investing Cash Flow
Capital Expenditures
(274)
(230)
(201)
(162)
(98)
(75)
(66)
(57)
(77)
(80)
(79)
(75)
(72)
(69)
(63)
(67)
(89)
(90)
(97)
(110)
(144)
(166)
(190)
(207)
(256)
(243)
(217)
(188)
(91)
(77)
(75)
(74)
(70)
(73)
(94)
(95)
(119)
(114)
(97)
(92)
(83)
(102)
(103)
(130)
(174)
(165)
(184)
(258)
(308)
(317)
(325)
(274)
(350)
(344)
(352)
(375)
(354)
(362)
(377)
(380)
(414)
(464)
(498)
(558)
(581)
(541)
(541)
(510)
(451)
(459)
(440)
(431)
(389)
(384)
(420)
(401)
(424)
(433)
(3 253)
(383)
(449)
(464)
(4 875)
(606)
(635)
(676)
(4 815)
(654)
(633)
(618)
(3 335)
(20 596)
Other Items
451
(235)
(95)
(27)
(101)
326
885
499
500
(535)
(1 721)
(1 276)
(1 106)
(27)
295
15
(651)
(1 215)
(1 691)
(1 681)
(1 854)
(1 588)
(1 923)
(1 780)
(2 344)
(903)
(2 105)
(1 774)
940
(656)
1 761
1 355
55
320
756
2 231
1 883
2 366
1 819
1 432
2 471
4 550
3 995
4 098
3 585
254
1 122
(1 967)
(4 265)
(2 017)
(3 140)
(1 032)
1 976
(1 317)
781
(1 689)
(3 984)
(1 790)
(3 184)
(94)
669
(1 037)
(3 589)
(5 457)
(4 987)
(6 194)
(4 347)
(4 229)
(3 960)
(2 921)
(16 318)
(21 789)
(22 338)
(25 576)
(15 799)
(6 065)
(4 884)
1 543
9 911
10 555
13 894
12 117
16 501
2 508
(4 569)
(8 159)
(3 875)
(3 892)
(5 382)
(6 625)
(7 186)
11 542
Cash from Investing Activities
177
N/A
(464)
N/A
(296)
+36%
(189)
+36%
(199)
-5%
249
N/A
820
+229%
442
-46%
423
-4%
(614)
N/A
(1 800)
-193%
(1 351)
+25%
(1 177)
+13%
(95)
+92%
233
N/A
(51)
N/A
(740)
-1 351%
(1 305)
-76%
(1 788)
-37%
(1 791)
0%
(1 998)
-12%
(1 754)
+12%
(2 114)
-21%
(1 987)
+6%
(2 599)
-31%
(1 145)
+56%
(2 320)
-103%
(1 961)
+15%
849
N/A
(733)
N/A
1 686
N/A
1 281
-24%
(14)
N/A
248
N/A
663
+167%
2 137
+222%
1 764
-17%
2 252
+28%
1 722
-24%
1 341
-22%
2 389
+78%
4 449
+86%
3 893
-12%
3 968
+2%
3 411
-14%
89
-97%
939
+955%
(2 225)
N/A
(4 573)
-106%
(2 334)
+49%
(3 466)
-49%
(1 306)
+62%
1 626
N/A
(1 661)
N/A
429
N/A
(2 064)
N/A
(4 338)
-110%
(2 153)
+50%
(3 561)
-65%
(474)
+87%
255
N/A
(1 500)
N/A
(4 087)
-172%
(6 015)
-47%
(5 569)
+7%
(6 736)
-21%
(4 889)
+27%
(4 739)
+3%
(4 411)
+7%
(3 380)
+23%
(16 757)
-396%
(22 221)
-33%
(22 727)
-2%
(25 960)
-14%
(16 220)
+38%
(6 466)
+60%
(5 308)
+18%
1 110
N/A
6 658
+500%
10 172
+53%
13 445
+32%
11 653
-13%
11 626
0%
1 901
-84%
(5 204)
N/A
(8 835)
-70%
(8 690)
+2%
(4 546)
+48%
(6 015)
-32%
(7 243)
-20%
(10 521)
-45%
(9 054)
+14%
Financing Cash Flow
Net Issuance of Common Stock
0
58
58
139
257
262
298
407
340
317
310
124
100
95
66
120
93
90
101
43
57
0
0
14
0
0
0
1
1
0
0
399
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3
3
0
0
0
0
0
0
0
0
0
0
1
1
0
0
0
0
0
0
0
0
0
0
1
1
0
0
0
0
0
0
0
0
(49)
(49)
(49)
(49)
(72)
(72)
(72)
(72)
(82)
(82)
(82)
Net Issuance of Debt
202
162
(28)
(62)
(16)
63
237
201
197
87
(85)
(70)
(200)
(215)
(91)
(79)
145
310
462
472
462
453
616
581
491
285
(150)
(256)
(530)
(482)
(511)
(439)
(357)
(356)
(447)
59
187
265
373
284
397
331
296
17
(37)
6
354
1 289
1 629
1 270
28
246
488
2 095
3 253
3 184
3 374
2 646
2 622
1 569
1 320
11
2 275
4 474
5 346
5 977
4 497
3 435
1 398
2 250
(31)
(2 896)
(1 373)
(1 111)
148
(1 430)
527
(2 528)
(3 327)
924
(5 142)
(3 777)
(2 620)
(4 490)
(711)
279
861
3 026
2 950
2 691
1 914
1 243
Cash Paid for Dividends
(33)
(33)
(56)
(57)
(56)
0
(25)
(26)
(26)
(26)
(186)
(183)
(183)
(192)
(465)
(465)
(465)
(493)
(475)
(475)
(475)
(528)
(309)
(309)
(309)
(366)
(147)
(147)
(187)
0
(357)
(357)
(317)
0
(585)
(651)
(651)
0
(651)
(647)
(647)
(647)
(813)
(751)
(751)
(799)
(1 068)
(1 221)
(1 221)
(1 190)
(170)
(17)
(17)
(22)
(1 516)
(1 516)
(1 516)
(1 494)
(647)
(647)
(647)
(647)
(514)
(514)
(514)
(737)
(2 331)
(2 331)
(2 331)
(2 108)
(87)
(87)
(87)
0
(68)
(68)
(296)
0
(560)
(578)
(350)
0
(56)
(38)
(2 414)
0
(6 983)
(6 983)
(4 607)
0
(4 795)
(4 795)
Other
(44)
(59)
(55)
(48)
(28)
(31)
(33)
(43)
(47)
(53)
(49)
(70)
(73)
(74)
(84)
(60)
(59)
(47)
(53)
(54)
(94)
(101)
(122)
(136)
(141)
(144)
(148)
(138)
(104)
(104)
(79)
(55)
(71)
(80)
(81)
(104)
(91)
(90)
(95)
(92)
(87)
(103)
(122)
(127)
(167)
(176)
(197)
(210)
(295)
(295)
(279)
(464)
(180)
(168)
(162)
15
(180)
(195)
(211)
(230)
(238)
(252)
(254)
(257)
(281)
(289)
(320)
(378)
(397)
(398)
(428)
(367)
(321)
(286)
(209)
(203)
(197)
(229)
(305)
(363)
(532)
(645)
(718)
(827)
(791)
(726)
(889)
(797)
(1 032)
(1 121)
(1 020)
(1 033)
Cash from Financing Activities
125
N/A
128
+2%
(82)
N/A
(28)
+66%
157
N/A
238
+52%
476
+100%
539
+13%
463
-14%
324
-30%
(10)
N/A
(199)
-1 890%
(356)
-79%
(385)
-8%
(574)
-49%
(485)
+16%
(285)
+41%
(141)
+51%
35
N/A
(14)
N/A
(51)
-264%
(151)
-196%
200
N/A
150
-25%
41
-73%
(226)
N/A
(446)
-97%
(540)
-21%
(821)
-52%
(625)
+24%
(947)
-52%
(454)
+52%
(745)
-64%
(753)
-1%
(1 112)
-48%
(1 094)
+2%
(555)
+49%
(476)
+14%
(374)
+21%
(456)
-22%
(338)
+26%
(420)
-24%
(640)
-52%
(862)
-35%
(955)
-11%
(969)
-1%
(911)
+6%
(138)
+85%
117
N/A
(210)
N/A
(417)
-99%
(234)
+44%
292
N/A
1 904
+552%
1 575
-17%
1 685
+7%
1 678
0%
958
-43%
1 765
+84%
692
-61%
436
-37%
(887)
N/A
1 507
N/A
3 703
+146%
4 551
+23%
4 950
+9%
1 847
-63%
726
-61%
(1 330)
N/A
(255)
+81%
(545)
-114%
(3 348)
-514%
(1 779)
+47%
(1 481)
+17%
(129)
+91%
(1 701)
-1 219%
33
N/A
(3 055)
N/A
(4 193)
-37%
(18)
+100%
(6 024)
-34 179%
(4 820)
+20%
(3 442)
+29%
(5 404)
-57%
(3 965)
+27%
(2 932)
+26%
(7 084)
-142%
(4 827)
+32%
(2 762)
+43%
(3 120)
-13%
(3 983)
-28%
(4 667)
-17%
Change in Cash
Net Change in Cash
418
N/A
(602)
N/A
(270)
+55%
104
N/A
(449)
N/A
89
N/A
(1 069)
N/A
(692)
+35%
(151)
+78%
(212)
-40%
(184)
+13%
1 291
N/A
(639)
N/A
225
N/A
(61)
N/A
(662)
-985%
954
N/A
126
-87%
(205)
N/A
90
N/A
685
+661%
1 782
+160%
1 564
-12%
(180)
N/A
301
N/A
1 467
+387%
(1 415)
N/A
1 365
N/A
239
-82%
800
+235%
1 308
+64%
2 266
+73%
628
-72%
(1 426)
N/A
2 830
N/A
2 760
-2%
2 914
+6%
1 840
-37%
545
-70%
(1 351)
N/A
447
N/A
3 746
+738%
(583)
N/A
5 064
N/A
4 596
-9%
3 749
-18%
2 452
-35%
2 322
-5%
1 231
-47%
(3 719)
N/A
1 110
N/A
(3 971)
N/A
(853)
+79%
(4 185)
-391%
(1 782)
+57%
(4 296)
-141%
(839)
+80%
844
N/A
(1 775)
N/A
2 440
N/A
(4 176)
N/A
141
N/A
3 735
+2 549%
2 392
-36%
11 374
+376%
4 921
-57%
2 118
-57%
33
-98%
(2 157)
N/A
2 673
N/A
345
-87%
(5 476)
N/A
(3 633)
+34%
978
N/A
(6 258)
N/A
2 327
N/A
4 714
+103%
1 333
-72%
5 485
+311%
24 952
+355%
16 147
-35%
11 484
-29%
22 367
+95%
8 209
-63%
82
-99%
479
+483%
(8 454)
N/A
(17 092)
-102%
(5 572)
+67%
590
N/A
(4 189)
N/A
1 495
N/A

See Also

Summary
SPL intrinsic value, competitors valuation, and company profile.
DCF Valuation
SPL stock valuation using Discount Cash Flow valuation method.
Relative Valuation
SPL stock valuation using valuation multiples.
Wall Street Estimates
SPL price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
SPL stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
ALPHA SPREAD
Follow us
Join more than 313,300+ value investors using Alpha Spread
Create Free Account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2026 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.